Swedish hygiene products maker Essity raised its core profit margin target on Monday and reiterated its core sales target after divestment of Hong Kong-listed subsidiary Vinda <3331.HK). Essity's sale of its 51.6% stake in Vinda for about 16 billion Swedish crowns ($1.52 billion) was completed in March. An Essity statement said the company is now aiming for an operating profit margin before amortisation (EBITA) and items affecting comparability of more than 15% on annual sales growth before acquisitions of more than 3%.
Policymakers kept rates near 0.1% but said they would use next month’s meeting to consider whether to scale back their bond purchases. The Hang Seng index in Hong Kong was broadly flat. In London, the FTSE 100 index is forecast to follow last week’s 1.2% decline by opening about 44 points higher at 8190.
England beat Serbia 1-0 in their opening match of Euro 2024, with a Jude Bellingham header early in the first half proving enough for Gareth Southagte’s side.